About your Search

20121201
20121231
Search Results 0 to 17 of about 18 (some duplicates have been removed)
decline. then prices will start heading up as we enter into the new year. melissa: do you watch the opec meeting at all? there is a lot more tension going on at this meeting than we've seen for a long time. iran and saudi arabia struggling for control of the cartel right now. you had venezuela come out at last meeting to declare they have the most oil on the map. more infighting than usual. does this concern you? are you focused on it at all? >> you know opec is becoming more exciting. melissa: it is. >> power grab for what little power opec really has nowadays. we're coming off stories u.s. domestic production is through the roof. our friends in canada still sending us oil. opec is trying to stay relevant. right now they're struggling with that. who wants to produce as much oil? the saudies are always on top. venezuela is always very vocal. at the end of the day opec is becoming quieter and less relevant. melissa: it is but still 40% of the world's oil. patrick, thanks for coming on. you're always fantastic. >> thanks. melissa: time to check the fuel gauge. natural gas line exploded in
talked to a lot of people, they say yes. melissa: charlie, thank you. a battle for control as opec meets. who will be the new leader of the oil cartel? saudi arabia or arch rival iran fighting for the top spot. [ male announcer ] where do you turn for legal matters? at legalzoom, we've created a better place to handle your legal needs. maybe you have questions about incorporating a business you'd like to start. or questions about protecting your family with a will or living trust. and you'd like to find the right attorney to help guide you along, answer any questions and offer advice. with an "a" rating from the better business bureau legalzoom helps you get personalized and affordable legal protection. in most states, a legal plan attorney is available with every personalized document to answer any questions. get started at legalzoom.com today. nd now you're protecd. lori: markets holding up. nice rally. as we do every 15 minutes let's head back to the floor of the new york stock exchange to check in with nicole. jpmorgan the new favorite bank for customers. >> this is very interesting
. that is nicholas maduro. venezuela's oil minister announced at the last opec meeting the country has the largest oil reserves in the world. would the death of chavez have a major impact on the global oil market? with me, john kingston, platt's global director. welcome back to the show. this is huge. we've been following this for a long time but i mean it's very serious. emergency surgery. it is his third surgery. he never talked about what kind of cancer he has but at this point it has got to be very serious? >> i think we can assume the chavez area is almost over. as colleague of mine said i heard you refer earlier why that is setting up uncertainty in the market. you're always a little better with the crazy that you do know than the one you don't. melissa: i guess. >> what the future holds could be civil strife, not a civil war but i have felt for a long time that the biggest risk in oil markets would be a precipitous collapse of the venezuelan industry. you hate to think that the death of mr. chavez would set that off but ped vest is a, the state oil company has been essentially gutted by cha
.s.. where it's growing is the rest of the world. >> right. >> we don't have any real opec or non-opec growth in terms of plux. who gets the call? the people who do offshore and deepwater drilling and down hole work. that's why you want to be there. >> global diversions here to some extent. all right, thank you very much, gentlemen, john stevenson and larry, have a great weekend. >> thank you, you too. >> thanks. >> leaders meeting with the president right now this very moment at the white house and the country and entire world watching because if we go off the cliff, markets around the globe could be affected. live to the white house with the very latest. david: taxes on dividends could be rising. chairman of southern company who owns a bunch of utility companies, why that could spell trouble for more than just investors. >> liz joins us telling us which big companies will be first to take a costly fall if we, in fact, do go off that cliff. ♪ [ indiinct shouting ] ♪ [ indistinct shouting ] [ male announcer ] time and sales data. split-second stats. [ indiinct shouting ] ♪ it's so close
energy resources. we turn natural gas into transportation fuel, what a deal that would be. tell the opec nation that we don't want your oil anymore. we are producing methanol or gasoline from natural gas. we are going to keep the money in this country, invested over and over again, create jobs and counties that haven't seen job creation in decades to end this would just multiply. on top of that, it's not just drillers who succeed landowners. it is the people who make the equipment. we have such a boom opportunity here that it would be shameful for hollywood set the wrong impression in people's minds at the facts do not bear up under the hollywood interpretation. gerri: let's be clear. pennsylvania, ohio, you look across the region are it a real renaissance for the first time for areas where people were just desperate for some kind of economic jolt. here they have it. they have it from their own soil, right from their backyard. epa is going to step in here. we will see what happens. thank you for coming on tonight. happy new year to you. >> thank you and happy new year to you as well. ger
that opec does, every time we see unrest in the middle east, we see a spike in oil, does that mean more we're rousing here in the u.s. we won't be impacting by that as much? >> yeah. i mean the more domestic supply we have, the less we depend on opec ps of the world, no question. the problem we have as the world though, 92 million barrels a day roughly what the production is. that is about a million barrels a day of excess capacity. so any little flare-up in the middle east will impact world oil prices. ashley: so do you think we'll be energy independent anytime soon? we're almost there. >> yeah. i think by "20/20" -- 2020 we have legitimate chance between all the natural gas we're bringing on and oil we're bringing on, on energy equivalent basis we'll be independent. we'll be importing oil and exporting gas as lng, very good, interesting stuff. john shiller, chairman of energy defend one. john, thank you so much. we appreciate it. >> thank you for having us. tracy: you make a great point, saudi arabia will not be very happy about our quest for independence. ashley: that is real threat to
lucrative yet little notice commodities market that canadians dominated by opec domination of the world oil markets. monopolizing the maple syrup market producing as much as 70 percent of the high-value commodity. since 1999, the province use the marketing system that set strict quotas for producers and requires them to sell to a federation in the spring of 2011 a critical change said that peace plan in motion. a good harvest meant maple syrup production shares spiked. so much protection the federation was forced to add a warehouse, its third, to accommodate overflow. into the seven criminals. hoping to score the perfect heist, their goal, to steal as much as their sticky hands can handle from the strategic maple reserved. that is what it's really called. first, the ridge to the portion of the new warehouse which allowed them to drive large trucks into the building. then they began emptying the barrels of maple syrup, refilling them with water. they refilled that serve on the open market setting themselves up as legitimate maple syrup dealers and because kershaw restores don't use a bar cod
year for opec. the cartel raked in, are you sitting down for this? more than a trillion dollars. i feel like dr. evil, a trillion dollars in oil revenue according to the u.s. energy information administration. that tops previous records set during the oil crease sis of 73, '74, 1981, even when you adjust for inflation. the average price of gasoline for the year also set an all-time record here in the states. according to aaa drivers paid $3.60 a gallon beating the previous record set last year. we beat that record unfortunately by nine cents. natural gas futures fell. a slate of cold temperatures recently pushed prices up with higher demand but forecasters say unusually warm temperatures are heading for the midwest and northeast as early as this weekend. >>> the senate gop caucus end ad high stakes meeting just a short time ago. will senate republicans embrace the latest framework for a fiscal cliff deal? also how failure to get a fiscal cliff deal could lead to a mortgage rate free fall. "piles of money" coming up. ♪ [ male announcer ] how could a luminous protein in jellyfish, impac
the u.s. energy department says opec will rake in a record $1.05 trillion this year. in net oil export revenue. >>> microsoft is expanding i'm over it but. [buzzer] david: come on. >> the tech giant revealing plans to add six more specialty stores on top of the 51 stores open in the u.s., canada this year. i nailed the script though. i didn't make any miss takes. that is today's speed read. david: didn't make any mistakes. should give you extra time. first time she has done it. hundreds of flights were grounded today do to bad weather but some airline stocks are getting ready to take off, believe it or not in 2013. shibani: let's find out the winnerses and losers. we have hunterer kay. thanks for joining us, hunter. getting bumpy skies right now with all the weather delays. first off does this impact the stocks or the economic impact at all, should we be thinking about it? >> no. investors overlook whether instances frequently. even when we had hurricane sandy rolling through the airline stocks outperformed the s&p week of and week after. at this point investors are overlooking that ki
stimulus, inflation fears, oil up more not so much on fed but news out of opec that they are going to leave their production ceiling in place even though they are out producing what the ceiling is now. that has been a little bit bullish for prices in oil but nothing much coming out of the fed any time soon. they need a pizza or something. cheryl: you never know. we could get a couple surprises when it comes to the language. you never know how they will react. >> as a predictor, as a predictor they are not predicting anything. absolutely right. we will be here to go crazy when it does. cheryl: i want to bring in scott marden, united advisers chief market strategist and take this to the equities perspective, talking a lot of action at the cme today. when it comes equities you have the dow up five days, traders waiting to see what the fed will do. it is all about extending the bond buying program. if we get a number below -p$45 billion which seems to be the threshold expectation, what do you think the stock market might do? >> probably sell off. if you are an equity market lover you have to li
Search Results 0 to 17 of about 18 (some duplicates have been removed)